Ironwood Condominium

Key facts from Ironwood Condominium's documents

Community type

Condominium

Legal name

Ironwood Condominium Association

Governing law

Ohio Revised Code Chapter 5311 (Ohio Condominium Act) (Recital B: "bring the Declaration into c)

Special assessments

Board may levy enforcement assessments as Special Individual Unit Assessments for violations or damage (Amendment B in DOC 59395: "enforcement a)

Collections & liens

Continuing lien for assessments remains valid for five (5) years from filing of certificate of lien unless sooner released or discharged (Amendment (2) modifying Declaration Arti)

Reserves & fees

Board shall include in budget an amount deemed adequate to maintain a reserve for unexpected repairs, replacement of major improvements, and insurance deductibles; reserve may be waived annually by majority vote of unit owners (Amendment (10) modifying Declaration Art)

Leasing & rentals

General prohibition on leasing except: (1) Occupancy by parent(s) or child(ren) of unit owner; (2) Grandfathered units (owned at time of amendment recording) may continue leasing until title transferred; (3) One-time hardship lease of up to (Amendment D inserting new Declaration Ar)

Voting & meetings

Amendment requires written consent of Unit owners representing at least 75% of voting power (as set forth in Declaration Article XVIII, Section 1) (Recitals in DOC 59395: "Unit owners repr)

Amendments

Board may amend Declaration without unit owner vote for seven specific purposes (meeting mortgagee/insurer requirements, compliance with Ohio Act, correcting errors, designating successor for service of process, deleting void discriminatory (Amendment (7) inserting new Declaration )

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.